Cement News tagged under: corporate
Lafarge helped by Asian and African growth04 May 2012, Published under Cement NewsLafarge's first quarter turnover was up by 4.6% to €3353m, having risen by 8.6% in the comparable period last year, and the EBITDA improved by 7.7% to €516m, while the running profit advanced by 28.4% to €267m. Net financial costs increased by 29.4% to €238m and the re-defined pre-tax loss increased from €7m to €40m, with the net attributable loss rising by 51.7% to €44m. Net debt at the end of March was 13.2% lower at €12,364m, giving a gearing level of 78.4%. Development capital expendit... |
HeidelbergCement 1Q12 affected by harsh winter in Europe and Turkey04 May 2012, Published under Cement NewsHeidelbergCement's first-quarter turnover increased by 7.6% to €2799.4m but the EBITDA declined by 15.5% to €213.7m and the trading profit fell by 77% to a €13.8m. The lower margins chiefly reflect weather conditions in the quarter, but also higher costs for transport and energy. The net interest charge increased by 8.8% to €135.2m and the pre-tax loss increased by 69.8% to €143.9m and the net attributable loss emerged 26.8% higher at €203.8m. Capital investment increased by 4.1% to €159.2m... |
Lafarge sees higher pricing in 201204 May 2012, Published under Cement NewsLafarge said it expected higher pricing for 2012 after sales and operating profits rose in the first quarter, lifted by price increases for customers and stronger cement volumes in emerging markets. But net losses widened due to restructuring charges as the company continued to slash costs as part of a €500m (US$657.63m) savings plan. Earnings before interest, tax, depreciation and amortisation in the three months to 31 March rose 8% to €516m (US$678.67m), while sales increased 5% to €3... |
Titan Cement 1Q12 loss widens as construction slows04 May 2012, Published under Cement NewsTitan Cement Co SA, Greece’s biggest producer of the building materials, posted a wider 1Q12 loss as the country’s construction industry slowed and bad weather conditions hit the Balkans, Turkey and Greece. The net loss was €19.4m (US$25.5m) in the three months through 31March compared with a €4.3m loss in the same period a year earlier, according to a statement from the Athens-based company today. “The severe and extended winter period this year across the Balkans, Turkey and Greece ... |
Thailand: SCCC records B1.28bn Q1 net profit04 May 2012, Published under Cement NewsSiam City Cement Plc (SCCC) reported a 14.6% YoY increase of net profit yesterday, up to THB1.28bn (US$41.3m) for the first quarter on the back of strong domestic cement consumption. Thailand's second-largest cement manufacturer saw net sales rise 12.4% from the year before to THB6.99bn, it said in a statement. "Cement consumption increased in the first quarter, driven by sizeable growth from both public and private construction," it said. "However, cement pricing did not reflect rising ... |
HeidelbergCement lifts prices to stem cost surge03 May 2012, Published under Cement NewsHeidelbergCement joined peers in raising prices after posting a 77% decline in operating profit in the 1Q12, a bigger fall than expected due to higher energy costs. Operating profit in the first three months of the year declined to €14m (US$18m) from €60m a year earlier, the company said on Thursday. That was below than the €52.9m expected on average by analysts in a Reuters poll. "In view of the higher costs of energy and raw materials we launched price increases and in some markets... |
India: Madras Cements eyes 20% growth02 May 2012, Published under Cement NewsBuoyed by likely growth in demand for cement in south and the company's renewed focus this year on a few states in the east and west, Madras Cements expects a 20% growth in its top line in the current FY12-13. This is also likely to see its capacity utilisation rise over 10 per cent during the year. The company will also become self-sufficient in captive thermal power generation this year, thereby freeing its wind power capacity to be entirely supplied to the state grid. "The cement ind... |
Raysut Cement group profits rise, Oman01 May 2012, Published under Cement NewsOman-based cement producer, Raysut Cement reported net profit before tax rose 37.4 per cent to OMR6.84m for the first three months of 2012, from OMR4.98m (US$13m) in the same period last year. Pretax profit alone increased 26 per cent to OMR5.59m from OMR4.45m during the period under review. Total group revenue stood higher at OMR24.64m for the first quarter from OMR20.24m posted for the same period of 2011. "In spite of the price competition from the UAE suppliers and the volatility in... |
Cementos Pacasmayo first-quarter volumes ahead, Peru01 May 2012, Published under Cement NewsCementos Pacasmayo, a leading Peruvian cement company, announced today its consolidated results for the first quarter period ended March 31, 2012. In 1Q12, cement demand was stronger than anticipated as volumes increased 17% compared to 1Q11. Revenues in 1Q12 increased 20.4% compared to 1Q11. Gross margin remained high at 39.4%. |
Heidelbergcement Ukraine quarterly loss01 May 2012, Published under Cement NewsFor the first quarter of 2012, HeidelbergCement Ukraine (Dnipropetrovsk region), one of the largest cement producers in Ukraine, incurred losses of UAH71.595m (EUR6.7m). According to Ukrainian News, the company reported a net revenue of UAH151.569m. HeidelbergCement Ukraineended 2011 with UAH24.083m, according to preliminary data, the news service added. |